Detailed Analysis of Carbon Credits & VDA Status in FY 2025-26 Tax audit and compliance framework for virtual digital assets u/s 44AB, with a special focus on cryptocurrency, NFTs, DeFi transactions, and carbon credits. Legal Framework for VDAs in India Section 2(47A)—Definition of Virtual Digital Assets: A Virtual Digital Asset generally includes Cryptocurrencies (Bitcoin, Ethereum, …
What Is the Difference Between Crypto Futures and Crypto Perpetual Futures Contracts? Cryptocurrencies are legal to buy, hold, and trade in India, but they are subject to one of the strictest tax regimes in the country. With increased reporting requirements and data-sharing by exchanges, errors in reporting crypto transactions can now lead to notices, penalties, …
Latest updates on crypto tax in India Any NRI or resident holding cryptocurrency in India should Maintain complete transaction records, Report all Virtual Digital Asset transactions in Income Tax Return, Ensure Tax Deducted at Source compliance where applicable, Disclose foreign and domestic crypto holdings. Ensure compliance with Tax Deducted at Source requirements. Properly disclose domestic …
MP’s Biggest Online Trading Scam – INR 21 Crore Crypto Fraud A 70-year-old Chartered Accountant from Bhopal, Madhya Pradesh, reportedly lost approximately INR 21.05 crore in a sophisticated cryptocurrency and online trading fraud. How the Fraud Happened in Online Trading Scam The victim was allegedly approached through WhatsApp messages promising exceptionally high returns from cryptocurrency and …
Taxation of Crypto Derivatives in India Crypto derivatives are financial contracts whose value is linked to cryptocurrencies. They allow traders to profit from price movements without owning the actual crypto assets. Common derivatives include crypto futures, crypto options, and perpetual futures contracts. These instruments are used for speculation, hedging risk, arbitrage, and leveraged trading Taxation of Crypto …
Top Crypto Experts in India (2026) India’s crypto community is diverse, spanning policy, technology, markets, and education, making it important to follow voices that emphasize responsible learning and long-term understanding. As the market grows, regulators (e.g., SEBI and tax authorities) are increasingly surveilling influencer activity to protect investors from misleading advice. India’s rapidly expanding crypto …
Cryptocurrency Taxation in India The income tax department reported that the taxation system for cryptocurrency in India has been established as follows: With effect from April 2022, income generated from cryptocurrency transactions is subject to a 30% tax. No income tax deductions against any expenses whatsoever is allowed. Moreover, crypto businesses are expected to pay …
Difference between Financial Intelligence Unit (FIU) & Foreign Assets Investigation Unit (FAIU): The Financial Intelligence Unit (FIU) and the Foreign Assets Investigation Unit (FAIU) serve distinct roles in India’s financial and tax enforcement system. FIU is centered on suspicious financial transactions within the country and ensuring compliance against financial crimes. FAIU specifically deals with foreign …
FIU – IND Reporting Guide for Entities on Financial Intelligence Network 2.0 Portal FIU-IND stands for the Financial Intelligence Unit of India, the central national agency responsible for collecting intelligence related to financial transactions in India. Its primary function is to safeguard India’s financial system from the adverse impacts of money laundering, terrorist financing, and …
Indian Cryptocurrency Exchanges & FIU Notices Decoded: Indian regulators are attempting to strike a balance between innovation and financial stability while the world of cryptocurrencies is experiencing extreme volatility. Leading cryptocurrency exchanges, including Binance, have received notifications from India’s Financial Intelligence Unit (FIU) for allegedly doing illegal business through offshore companies. The action underscores the …